I understand the reasonable points made.
However, I would add that FQM has been all over our Iberian holdings recently and would in fact love to have Lomero-Poyatos and San Telmo. Remember FQM has a multibillion operation right down the road, and we have huge assets they can use immediately.
Having said that, I believe from my own instincts three very important points that I believe trumps the total buyout of Petaquilla. I want to choose my words very carefully, but think about it, and understand:
1. This is Latin America...not North America, Europe or Australia...perhaps a little closer to Africa!
2. Go back and review everything surrounding the Law #8.
3. Seriously, "Petaquilla es Panama!!"
Those points are not 'inter' or 'intra' related, but of equal importance, coming from three separate rationalities, and a gut feeling from being involved in Latin America for 30 Yrs. capice, capicé, capiche, capeesh, capisch!!!
Perhaps I am wrong, either way anything above $0.50 and we make a lot of money!!! $7.50 a few more years down the road would be nicer than $0.50-$0.60 today.
